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Training of KMG compliance officers: improving qualifications and combating corruption

06.09.2024

The Compliance Service of NC KazMunayGas JSC (KMG) organized and conducted training for compliance officers of the subsidiaries and dependent entities, which took place during 5-6 September 2024 in Astana. The training was dedicated to the requirements of the national standard ST RK ISO 37001:2016 "Anti-bribery management systems", aimed to create and maintain an effective anti-corruption system.

The main objective of the exercise was to improve the professional level of the compliance officers and their competencies in managing corruption risks. During the training, the participants studied the modern methods of analysis, identification and assessment of corruption risks, as well as practical aspects of the implementation and monitoring of an anti-corruption management system in accordance with the international and national standards.

Special focus was given to the implementation and adaptation of anti-corruption mechanisms in the subsidiaries and dependent entities of the KMG group. This is an important element of maintaining a high ethical culture and compliance standards throughout the group. The participants discussed various approaches to integrating the anti-corruption system into the existing business processes, and exchanged experiences and best practices.

The workshop summed up the results of the compliance function's operations over the first half of 2024. The participants discussed the key results and challenges faced by compliance services, as well as forward-looking initiatives to combat corruption and strengthen internal control aimed at increasing transparency and accountability of the business processes. The importance of continuous improvement of the compliance function was emphasized, including advanced training of the employees and introduction of new technologies to automate corruption risk management.

The training enabled compliance officers not only to improve their qualifications, but to obtain up-to-date information on the latest international and national requirements in the field of anti-corruption activities as well. This knowledge will help improve the operations of the compliance services and strengthen the anti-corruption mechanisms in KMG group entities.


JSC NC KazMunayGas

The Compliance Service of NC KazMunayGas JSC (KMG) organized and conducted training for compliance officers of the subsidiaries and dependent entities, which took place during 5-6 September 2024 in Astana. The training was dedicated to the requirements of the national standard ST RK ISO 37001:2016 "Anti-bribery management systems", aimed to create and maintain an effective anti-corruption system.

The main objective of the exercise was to improve the professional level of the compliance officers and their competencies in managing corruption risks. During the training, the participants studied the modern methods of analysis, identification and assessment of corruption risks, as well as practical aspects of the implementation and monitoring of an anti-corruption management system in accordance with the international and national standards.

Special focus was given to the implementation and adaptation of anti-corruption mechanisms in the subsidiaries and dependent entities of the KMG group. This is an important element of maintaining a high ethical culture and compliance standards throughout the group. The participants discussed various approaches to integrating the anti-corruption system into the existing business processes, and exchanged experiences and best practices.

The workshop summed up the results of the compliance function's operations over the first half of 2024. The participants discussed the key results and challenges faced by compliance services, as well as forward-looking initiatives to combat corruption and strengthen internal control aimed at increasing transparency and accountability of the business processes. The importance of continuous improvement of the compliance function was emphasized, including advanced training of the employees and introduction of new technologies to automate corruption risk management.

The training enabled compliance officers not only to improve their qualifications, but to obtain up-to-date information on the latest international and national requirements in the field of anti-corruption activities as well. This knowledge will help improve the operations of the compliance services and strengthen the anti-corruption mechanisms in KMG group entities.


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